Top-250-MSSPs_Report_2023
Top-250-MSSPs_Report_2023
Executive Summary: The Top 250 MSSPs and associated Meanwhile the market for MSSP services continues to evolve.
survey participants continue to grow faster than the overall Here are some factors to consider:
managed security market. Indeed, survey participants expect
to grow annual MSSP revenues by 20% in 2023 vs. 2022. > MSPs are partnering with MSSPs to provide cybersecurity
That’s faster than the overall cybersecurity services market. to end customers.
Canalys expects the overall cybersecurity services market to
grow by 14% in 2023. > The lines between MSPs and MSSPs are likely to blur over
the next few years as more MSPs add cybersecurity services
This MSSP growth year over year is smaller than last year’s to their portfolios.
growth rate of 26%, and the rate at which it outpaces the
overall security services market growth is also smaller. Last > More cyber insurance carriers are insisting that end
year we cited a 13% growth rate for the overall market. customers leverage a certain level of cybersecurity
Macroeconomic conditions likely slowed the growth rate. services, which is dragging many MSPs deeper into the
But it’s still a healthy rate that’s faster than the overall cybersecurity market.
market. Here’s why.
> The cybersecurity insurance crisis – vendors have partnered
with cybersecurity insurance providers to offer discounts to
First, the threat environment continues to fuel MSSP growth: customers who use their products.
> Continuing cyberattacks, including the too common > The introduction of cyber warranties – brimming with Datto
phishing and ransomware, against businesses of all sizes. DNA, Cork made its debut this year, marketing itself to the
MSP market. The company offers a cyber warranty solution
> Continuing for-profit supply chain cyberattacks. built for MSPs and their customers. It’s not the first cyber
warranty company, but it may be the first one designed
> Continuing nation-state attacks and geopolitical events specifically for MSPs and their end customers.
such as Russia’s invasion of Ukraine, now in its second year.
Top 250 MSSPs 2023 Edition Copyright © 2023 ChannelE2E, a CyberRisk Alliance Resource. 2
Survey Findings
Where are the majority of your Was your MSSP business profitable
managed security customers located? in 2022?
66%
87% 4% YES NO
9%
UNDISCLOSED
17%
12%
5%
Americas EMEA Asia Pacific Global Source: MSSP Alert Top 250 MSSPs Survey, 2023 Edition
Incident response services remote and on-site) 80% 18% MSSP Alert generally adheres to
Gartner’s definition of an MSSP,
Managed detection and response (MDR) 79% 20%
broadly defined to include companies
Endpoint detection and response (EDR) 78% 19% that offer one or more of the managed
security services above. The bar chart
24/7 security event monitoring & response 76% 22% represents the percentage of MSSP
Alert survey participants offering
Firewall management 76% 8%
each service – either directly or via
Extended detection and response (XDR) 74% 23% partnerships.
Virtual CISO/fractional CISO services 74% 11% Most of these numbers have remained
Intrusion detection & prevention systems (IDPS) 71% 22% stable in 2023 compared to what we
reported in our 2022 report. However,
Endpoint protection platform (EPP) 68% 25% we did see a few services edge up in
terms of what MSSPs reported they
Security awareness training 68% 24%
offered themselves in-house.
SOC as a service 68% 22%
Those include:
Cybersecurity talent as a service 67% 9%
> Penetration testing as a service
Unified threat management 66% 21% this year at 63% last year at 57%
Cloud security posture management 65% 16% > Reporting for compliance use cases
this year 81% and last year 75%
Penetration testing as a service 63% 30%
> Vulnerability assessment and
Breach and attack simulation services 63% 23% managed vulnerability services
went to 90% from 84% last year -
Threat intelligence services 62% 30%
nearly everyone offered it both
Backup and Disaster Recovery 55% 20% years, but more MSSPs brought it
in-house in 2023.
Secure email gateway (SEG) 54% 25%
Source: MSSP Alert Top 250 MSSPs Survey,
Secure web gateway (SWG) 50% 27% 2023 Edition
Top 250 MSSPs 2023 Edition Copyright © 2023 ChannelE2E, a CyberRisk Alliance Resource. 3
Survey Findings
25% 23%
Microsoft SentinelOne CrowdStrike Fortinet Stellar Palo Alto Qualys Kaseya Huntress ConnectWise
Cyber Networks
Top 250 MSSPs 2023 Edition Copyright © 2023 ChannelE2E, a CyberRisk Alliance Resource. 4
Survey Findings
Are larger MSSPs different from Total Small MSSPs Large MSSPs
smaller MSSPs*?
We separated our group of the Top 250 in half to look
MSSP Funding
for trends among these two groups. Here are some of
the findings. Self-funded 68%
86%
by owners 50%
> Smaller MSSPs were more likely (86%) to be self-funded Private Equity 7%
18%
by owners. For larger MSSPs, half said their funding was 29%
self-funded by owners, 29% were funded by private 4%
Venture Capital 3%
equity and 8% were funded by publicly held stock. 4%
Publicly held 5%
2%
> There was no statistical difference in the percentage of stock 8%
MSSPs who were profitable between the smaller MSSP
segment and the larger MSSP segment.
> Larger MSSPs were more likely to run their SOC entirely Security Operation Centers (SOC)
in-house (85%). Half of the smaller segment of MSSPs Completely 67%
50%
ran their SOC entirely in-house while 33% took a hybrid in-house 85%
approach (a portion run in-house and a portion outsourced 23%
to a third party) and only 14% outsourced the whole Hybrid 33%
13%
thing to a third party. 8%
Completely 14%
outsourced 2%
> Almost all of the larger MSSPS (90%) provided 24/7
security event monitoring and response for threat
detection use cases on their own. While 61% of the
smaller MSSPs provided these services on their own, 35% 24/7 security event monitoring & response
partnered with another company for these services and
for threat detection use cases
4% of the smaller MSSPs didn’t offer the service at all.
We provide 76%
> This kind of difference was reflected in many of the on our own
61%
90%
other services that MSSPs offered, with larger MSSPs 22%
the most likely to provide many of their services via an We partner 35%
10%
in-house solution with a smaller percentage but still a
Do not 3%
majority of the smaller MSSPs providing it in-house and 4%
many others offering the service via a partnership. provide 0%
Top 250 MSSPs 2023 Edition Copyright © 2023 ChannelE2E, a CyberRisk Alliance Resource. 5
Top 250 MSSPs
https://www.deloitte.com/global/en/services/
1 Deloitte risk-advisory/services/mxdr-cybersecurity- New York New York USA
solutions.html
Saudi
11 sirar by stc https://www.sirar.com.sa Riyadh Central Province
Arabia
15 AKATI Sekurity (M) Sdn Bhd https://www.akati.com Kuala Lumpur Kuala Lumpur Malaysia
Gennevilliers
17 Thales https://cds.thalesgroup.com France France
Cedex
Cheseaux
23 Kudelski Security https://www.kudelskisecurity.com Vaud Switzerland
-sur-lausanne
Top 250 MSSPs 2023 Edition Copyright © 2023 ChannelE2E, a CyberRisk Alliance Resource. 6
Top 250 MSSPs
Commerce
27 Nuspire https://www.nuspire.com Michigan USA
Charter Twp
Intelligent Technical
29 https://www.itsasap.com Las Vegas Nevada USA
Solutions, LLC
Security Validation |
31 https://www.securityval.com Fairfield New Jersey USA
SecValMSP
Alphaville,
41 SEK https://www.sek.io Cidade de Sao Paulo Brazil
Barueí
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Top 250 MSSPs
Fort Lauder-
54 Netsurion https://www.netsurion.com Florida USA
dale
Future Technologies
67 https://www.future.com.br Petropolis Rio de Janeiro Brasil
Informatica Ltda
Cork Airport
71 Smarttech247 https://www.smarttech247.com Ireland
Business Park
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Top 250 MSSPs
Infopercept Consulting
78 https://www.infopercept.com Ahmedabad India India
Pvt Ltd
Nether-
80 Getronics https://www.getronics.com Amsterdam Amsterdam
lands
United
91 Bridewell https://www.bridewell.com Reading Berkshire
Kingdon
https://1898andco.burnsmcd.com/solutions/
93 1898 & Co. Houston Texas USA
managed-security-services
Top 250 MSSPs 2023 Edition Copyright © 2023 ChannelE2E, a CyberRisk Alliance Resource. 9
Top 250 MSSPs
104 Castra Managed Services https://www.castra.io Chapel Hill North Carolina USA
Dalechek Technology
117 https://www.dalechek.com Earth City Missouri USA
Group
PCA Technology
121 https://www.pcatechsolutions.com Little Rock Arizona USA
Solutions, Inc.
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Top 250 MSSPs
Alvarez Technology
126 https://www.alvareztg.com Salinas California USA
Group, Inc.
Cloudfall (Shanghai)
127 Information Technology Co., https://www.cloudfall.cn/en Shanghai Shanghai China
Limited
Randpark South
129 Securicom https://www.securicom.co.za Gauteng
Ridge Africa
South
139 Nclose (Pty) Ltd https://www.nclose.com Cape Town Western Cape
Africa
San Pedro
147 Banyax https://www.banyax.com Nuevo Leon Mexico
Garza Garcia
Glenwood
150 Decypher Technologies https://www.decyphertech.com Colorado USA
Springs
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Top 250 MSSPs
Linthicum
151 SOClogix https://www.soclogix.com Maryland USA
Heights
Blackswan Cybersecurity,
158 https://www.blackswan-cybersecurity.com Dallas Texas USA
LLC
165 Nexagate Sdn Bhd https://www.nexagate.com Kuala Lumpur Kuala Lumpur Malaysia
173 Trusted Internet, LLC https://www.trustedinternet.io New Boston New Hampshire USA
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Top 250 MSSPs
Exchange Technology
179 https://www.exchangetech.ca Winnipeg Manitoba Canada
Services
Tactical Intelligence
181 https://taise.tech Accra Greater Accra Ghana
Security
Network Security
192 https://networksecurityllc.com Calabasas California USA
Consultants, LLC
193 Red Rabbit Security https://www.redrabbitsec.com White Plains New York USA
Top 250 MSSPs 2023 Edition Copyright © 2023 ChannelE2E, a CyberRisk Alliance Resource. 13
Top 250 MSSPs
Custom Computer
202 https://www.customonline.com Hauppauge New York USA
Specialists
Information Management
203 https://www.imsnetworking.com Fargo North Dakota USA
Systems
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Top 250 MSSPs
Greater
238 Sheridan Computers https://www.sheridan.co.uk Manchester UK
Manchester
CrossCipher Technologies
243 https://www.crosscipher.com Thrissur Kerala India
PVT Ltd
244 IshanTech (M) Sdn Bhd https://www.ishantech.net Petaling Jaya Selangor Malaysia
https://www.gtn.com.np,
247 Green Tick Nepal Pvt. Ltd. Kathmandu Bagmati Nepal
https://www.gkavach.com
Top 250 MSSPs 2023 Edition Copyright © 2023 ChannelE2E, a CyberRisk Alliance Resource. 15
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